EntryPoint Capital LLC Buys Shares of 2,484 Copart, Inc. (NASDAQ:CPRT)

EntryPoint Capital LLC bought a new stake in shares of Copart, Inc. (NASDAQ:CPRT) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 2,484 shares of the business services provider’s stock, valued at approximately $144,000.

Other institutional investors also recently modified their holdings of the company. Perpetual Ltd lifted its stake in shares of Copart by 9.6% in the 1st quarter. Perpetual Ltd now owns 161,318 shares of the business services provider’s stock valued at $9,344,000 after purchasing an additional 14,126 shares during the last quarter. Nordea Investment Management AB raised its holdings in Copart by 44.1% in the 1st quarter. Nordea Investment Management AB now owns 2,078,277 shares of the business services provider’s stock worth $120,602,000 after acquiring an additional 636,438 shares during the period. Baird Financial Group Inc. raised its holdings in Copart by 15.9% in the 4th quarter. Baird Financial Group Inc. now owns 2,922,176 shares of the business services provider’s stock worth $143,187,000 after acquiring an additional 400,940 shares during the period. Allspring Global Investments Holdings LLC raised its holdings in Copart by 1.6% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 2,848,048 shares of the business services provider’s stock worth $139,554,000 after acquiring an additional 44,248 shares during the period. Finally, International Assets Investment Management LLC bought a new position in Copart in the 4th quarter worth $3,285,000. Institutional investors and hedge funds own 85.78% of the company’s stock.

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. boosted their price objective on shares of Copart from $48.00 to $52.00 and gave the stock a “neutral” rating in a report on Monday, April 8th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $51.00.

Copart Stock Performance

Shares of NASDAQ:CPRT traded up $0.60 on Friday, hitting $51.03. 1,149,139 shares of the company were exchanged, compared to its average volume of 4,468,398. The company’s 50 day moving average price is $53.71 and its two-hundred day moving average price is $53.24. Copart, Inc. has a one year low of $42.41 and a one year high of $58.58. The firm has a market capitalization of $49.11 billion, a price-to-earnings ratio of 35.51 and a beta of 1.27.

Copart (NASDAQ:CPRT) last issued its earnings results on Thursday, May 16th. The business services provider reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.38 by $0.01. Copart had a net margin of 33.33% and a return on equity of 20.80%. The business had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.11 billion. During the same period in the previous year, the business earned $0.36 EPS. The firm’s revenue was up 10.3% on a year-over-year basis. Research analysts predict that Copart, Inc. will post 1.43 earnings per share for the current year.

Copart Company Profile

Copart, Inc provides online auctions and vehicle remarketing services. It offers a range of services for processing and selling vehicles over the Internet through its Virtual Bidding Third Generation Internet auction-style sales technology on behalf of vehicle sellers, insurance companies, banks and finance companies, charities, and fleet operators and dealers, as well as individual owners.